ABN AMRO closed a $200 million debut international bond offering for PT Aneka Tambang Antam during Asia's morning yesterday Tuesday. The deal was completed after a few days delay and at the outer end of a revised indicative pricing range. However, the order book shows a transaction that appears to have appealed to a wide variety of accounts and pricing remains tight against comparables.
With a seven-year final maturity and call option in year four, the deal was priced at 97.348% on a coupon of 7.375% and yield of 7.875%. It is callable in September 2007 at 103.688%. Fees totaled 70 cents and Mandiri Sekuritas acted as joint-lead.
Observers say...
